OpenSea Drops Royalty Fees As Yuga Labs Responds By Blocking Trades
Published on 21 August, 2023
In a recent move that has sent huge shockwaves in the entire NFT community, OpenSea confirmed its decision to stop collecting royalty fees on behalf of NFT creators. This decision made Yuga Labs, the creator of CryptoPunks and Bored Ape...
Polygon Labs’ Blockchain Partners With SK Telecom’s Web3 Vision
Published on 18 August, 2023
Polygon Labs and SK Telecom (SKT) have said that they signed a strategic partnership agreement to develop SKT’s Web3 ecosystem. SK Telecom dominates the South Korean wireless market, already hosting millions of subscribers. The agreement signing ceremony happened at SK...
Chile’s VIK Adopts The NFT Strategy To Tokenize Wine
Published on 17 August, 2023
The digital world keeps integrating with the physical realities as advancement in technology continues. There is nowhere else where the integration is more obvious than in the rise of non-fungible tokens (NFTs) across many sectors of the global economy. From...
FC Barcelona Gets €120M Investment For Web3 Entity
Published on 15 August, 2023
FC Barcelona recently made massive financial moves to boost its presence within the digital space. The football club has managed to secure a €120 million investment for a significant 29.5% stake in its web3-focused entity, Barça Vision. This investment comes...
Microsoft And Aptos Labs Partner For Web3 Adoption Push
Published on 14 August, 2023
For most, the journey into Web3 and its underlying technology remains a challenging one. Mostly, the complexity works as a deterrent for any newcomers who are eager to rush into Web3. Despite the many evident utilities that come with blockchain,...
Star Trek Dives Into NFT Space With ‘Continuum’ Trademark Application
Published on 12 August, 2023
The latest reports indicate that CBS Studios has submitted an official application to secure the name “Star Trek Continuum” for nonfungible tokens (NFTs) and crypto collectibles. The United States Patent and Trademark Office (USPTO) has accepted CBS Studios’ application, enabling...
Chinese Regulators Increase Efforts To Eliminate Web3 Fraud
Published on 11 August, 2023
Chinese regulators are reportedly increasing their measures to fight fraud and data theft within the Web3 industry. Law enforcement agencies are increasing their efforts to respond to a surge of incidents involving digital financial crimes and personal identity thefts. All...
GalaChain’s Launch Complemented With NFT Mystery Boxes Release
Published on 9 August, 2023
In a recent official announcement, Gala Games announced its intention to transition unsold and reserve nonfungible token (NFT) game items from the Ethereum network to their recently developed proprietary blockchain called GalaChain. Notably, this adaptation promises to enable gamers to...
FBI Warns About Criminals Impersonating NFT Developers
Published on 8 August, 2023
The latest reports indicate that the FBI has issued a warning about criminals who are impersonating legitimate NFT developers aiming to defraud users within the nonfungible token (NFT) community. These nefarious individuals either compromise the legitimate social media profiles of genuine...
Zora’s New Revenue Split Model Increases Money For Creators
Published on 6 August, 2023
In the ongoing discourse surrounding artist royalties, prominent NFT minting platform Zora undertakes a courageous move to bolster creators by revising its revenue-sharing framework. Acknowledging the significance of equitable compensation for artists, the platform is actively striving to enhance their...